Markets Gap Down, Rally and Then Fall, So...

DJIA - 196.33, -2.24% SP500 - 25.65, -2.85% NASDAQ Comp. - 57.60, -3.68% Russell 2000 - 25.19, -5.29% Exchange NYSE NASD Advancing 998 732 Declining 2,834 2,113 Oil $47.98 +$4.46 Gold $824.90 +$17.80 SOX 203.37 -5.20 VIX 55.78 -0.05 Strongest Sectors: XLV +0.60%...XLE -0.47%...XLU -0.79% Weakest Sectors: XLF -7.68%...XLB -4.32%...XLI -4.31% Sector Watch Up Trending: Sideways: XLE, XLP, XLU Down Trending: XLF, XLY, XLV, XLI, XLB, XLK Markets gap down, rally and then fall, so...what else is new! Intra-day volatility continues in this intermediate term sideways trading range. Concern over passage of the Auto industry aid seemed to push stocks lower during afternoon trading. The VIX was only up slightly at the close suggesting the potential for a rally on Friday. Futures, however, fell even further in evening trading.

The DJIA, SPX, Nasdaq and RUT fell below the low of their high day breaking short-term support.

ProphetCharts

Stocks to Watch on Friday Leading Stocks: Holding Above 30 DMA AYE…EZPW…PCLN…BAP…DLTR…FLR…FSTR…JCOM…JEC…PCR…ATK…B…IRIS…RTN…SNA…WMS…HAS…JOSB…AMZN…BIIB…BYI…ESRX…HDB…LFC…MCRS…PSSI…AMX…CERN…FWLT…GME…ICLR…MTW…NEU…NIHD…QSII…VMI…WAB…OI…PPD…CHU…FLS…MBT…RIO

Moving Above 30 DMA = 0 None Moving Below 30 DMA AAPL…AFAM…AGN…ANSS…CAM…CCC…CTSH…DECK…EPR…ESI…GILD…HLF…JW.A…MON…MOS…MTD…NDAQ…NILE…PCP…POT…ROST…SHW…TEVA…URBN…VIVO

Staying Below 30 DMA DGIT…LAYN…NOV…OSIP…SINA…SOHU…SWN…MMM…FLIR…PETS…SPTN…STRA…BCR…CL…DV…ACL…AIRM…AME…CBST…CHTT…GIS…MYGN…PRGO…PTNR…ROST…TECH… AXYS…PRXL…RCI Thursday’s Action Moving Up: SINA Moving Down: MON, MA, POT, MOS, CF, PNRA, CLF, FSLR, AFAM, STRA, PCLN, KRE, ZION, ESRX, KMT, LAMR, INFY, CNX, COH, V, GS, KKBE, SCHN, NDAQ, ANR, BTU, AGU, GRMN, FWLT, MEE, NIHD, UAUA, MS, SOHU, LCC, NUE Intermediate Term Market Trend: Neutral – DJIA, SPX, Down – Nasdaq, RUT Short Term Market Trend: Down